Venture Market News for September 28, 2018
- Elixinol Global raises A$40m to accelerate international growth
A$40 million institutional placement
Majority of funds raised to be applied to facilitate the acceleration of Elixinol Global’s USA and European growth initiatives
SYDNEY, Australia, Sept. 28, 2018 (GLOBE NEWSWIRE) — Elixinol Global Limited (Elixinol Global, Group or the Company) (ASX: EXL; OTCQX: ELLXF), a global company operating in the industrial hemp, dietary supplements and emerging medicinal cannabis sectors, is pleased to announce that it has successfully completed a placement to domestic and international institutional and sophisticated investors raising A$40 million at A$1.85 per share (Placement), representing a 3.3% discount to the 15 day Volume Weighted Average Price (VWAP) of $1.91.
- Canacol Energy Ltd. Announces Closing of Sale of Conventional Oil Assets and Return of Capital to Shareholders in the Form of Shares of Arrow Exploration Ltd.
CALGARY, Alberta, Sept. 28, 2018 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to announce that it has closed the sale which include the majority of its remaining conventional oil assets in Colombia with Arrow Exploration Ltd. (“Arrow”). Aggregate consideration of US$40 million consists of USD$15 million cash (subject to customary closing adjustments), USD$20 million common shares (the “Arrow Shares”) of Arrow being 22,598,870 Arrow shares, and a USD$5 million promissory note to be paid by Arrow within four months of closing (at an annual interest rate of 15%).
- Khiron Life Sciences Corp. Announces Formation of Wellness Business Unit and the Launch of Its First CBD Cosmeceutical Brand
First to market strategy establishes a cosmeceutical brand in the fast-growing Latin America skin care sector with innovative CBD-based consumer products
TORONTO, Sept. 28, 2018 /CNW/ – Khiron Life Sciences Corp. (“Khiron” or the “Company”) (TSXV: KHRN) (OTCQB: KHRNF) (Frankfurt: A2JMZC), an integrated medical cannabis company with its core operations in Colombia, announced today the creation of Khiron Wellness, and the launch of Kuida®, its first CBD-based skincare brand. With this achievement, Kuida® becomes the first mass-market CBD-based brand approved by INVIMA, Colombia´s health agency, and available for sale in Colombia.
- WeedMD Completes First Shipments of Adult-Use Cannabis
TORONTO, Sept. 28, 2018 (GLOBE NEWSWIRE) — WeedMD Inc. (TSX-V:WMD) (OTC:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”), a federally-licensed producer and distributor of medical-grade cannabis, is pleased to announce that it has delivered its first shipments of WeedMD-branded cannabis to contracted provinces ahead of the landmark date of October 17, 2018 – an important milestone for the Company as it successfully ramps up production from its best-in-class cultivation facilities.
- HK Bellawings Jet Limited Firms Up Orders for Six Global Aircraft
Follows LOI signed at the European Business Aviation Convention & Exhibition (EBACE) in Geneva
Hong Kong’s third-largest fleet operator firms up order for four Global 6500 and two Global 7500 business jets
Recently launched Global 6500 jet and the Global 7500 aircraft set the standard with the longest range and the largest cabins in their respective classes – all with Bombardier’s signature smooth ride
Latest business jets to join HK Bellawings Jet Limited’s existing fleet of Challenger and Global aircraft
MONTREAL, Sept. 28, 2018 (GLOBE NEWSWIRE) — Bombardier announced today that HK Bellawings Jet Limited, the third-largest aircraft management company in Hong Kong, has firmed up an order for four Global 6500 and two Global 7500 business jets, and maintains options for 12 Global aircraft. The order follows the LOI signed at EBACE in Geneva earlier this year. The transaction for the firm order is valued at approximately $370 million US, based on the 2018 list prices for typically equipped aircraft. The value could increase to $1.142 billion US with all options exercised.
- VIVO selects Green Hedge as Distribution Partner for Adult-Use Products
NAPANEE, Ontario, Sept. 28, 2018 (GLOBE NEWSWIRE) — VIVO Cannabis Inc. (TSXV: VIVO, OTCQX: VVCIF) (“VIVO” or the “Company”) is pleased to announce that it has signed a multi-year agreement with national cannabis distributor, Green Hedge Education & Distribution Services Ltd. (“Green Hedge”).
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